Formue Norge AS
Score · fiscal year 2025
44of 100
How to read this: the company is ahead of 36 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 17 of 26 · What are Morning company classes?
Place in the whole sector: 236 of 371 · Finans og forsikring
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 38 and solidity 60 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Formue Norge AS is 2 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 46 among 26 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 14.1% (median 24.1%) and equity ratio 45.8% (median 38.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 861 MNOK | 1,059 MNOK |
| Operating margin | 14.1% | 24.1% |
| Profit margin | 15.4% | 26.4% |
| Return on assets | 31.3% | 23.1% |
| Equity ratio | 45.8% | 38.1% |
| Debt-to-equity | 1.18 | 1.63 |
| Current ratio | 1.75 | 1.64 |
| Revenue growth | 0.4% | 14.4% |
| Revenue per employee | 4.86 MNOK | 11.50 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 44, Formue Norge AS does better than 36% of companies in the Morning class Large in the same sector (26 companies) in 2025.
Score 2023–2025
- Formue Norge AS
- Median: companies in the Morning class Large in the same sector
Formue Norge AS has a score of 44 for 2025, rank 236 of 371 in the sector.
Strongest: Solidity: percentile 60 against peers, equity ratio 45.8% against a median of 38.1%. Liquidity: percentile 60 against peers, current ratio 1.75 against a median of 1.64.
Weakest: Growth: percentile 8 against peers, revenue growth 0.4% against a median of 14.4%. Profitability: percentile 38 against peers, operating margin 14.1% against a median of 24.1%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin 14.1% (median 24.1%).
- What lies behind weak growth, and will it last?
- What lies behind weak profitability, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Formue Norge AS had an operating margin of 14.1% and an equity ratio of 45.8% in 2025, and ranks 236 of 371 in Finans og forsikring.
From 2024 to 2025: the operating margin rose from 4.5% to 14.1% and the equity ratio fell from 55.2% to 45.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 203 MNOK and 1,056 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 960 MNOK |
| EV/EBIT | 8.0 | 1,056 MNOK |
| P/B | 1.0 | 203 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 14.1% (median 24.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.5% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −13.5%. Based on the 6 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 38 | weight 30% |
|---|---|---|
| Solidity | 60 | weight 25% |
| Liquidity | 60 | weight 15% |
| Growth | 8 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Formue Norge AS?
The operating margin was 14.1% in 2025, against a median of 24.1% among companies in the Morning class Large in the same sector. Return on assets was 31.3%.
How solid is Formue Norge AS?
The equity ratio was 45.8% in 2025 (median 38.1%). Debt-to-equity was 1.18 (median 1.63).
What is the liquidity of Formue Norge AS like?
The current ratio was 1.75 in 2025 (median 1.64).
How does Formue Norge AS compare in Finans og forsikring?
Formue Norge AS ranks 236 of 371 in Finans og forsikring for 2025. Among companies in the Morning class Large it is number 17 of 26. Revenue changed by 0.4% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 953880873
- Legal form
- AS · part of a group
- Sector
- Finans og forsikring (66.120)
- Morning company class
- Large
- Employees
- 177 registered 10 October 2026
- Founded
- 1 November 1989 37 years in operation
- Share capital
- 3.43 MNOK
- Business address
- Henrik Ibsens gate 53, 0255 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300KW8UGXZ5QYQS79 renews 19 September 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- Formue AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 60 | 45 | 44 | |
| Rank | 94 | 208 | 236 | |
| Operating margin | 6.3% | 4.5% | 14.1% | |
| Return on assets | 17.2% | 13.1% | 31.3% | |
| Equity ratio | 53.1% | 55.2% | 45.8% | |
| Current ratio | 1.88 | 2.03 | 1.75 | |
| Revenue growth | – | 4.6% | 0.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 819.6 MNOK | 857.7 MNOK | 860.7 MNOK |
| Operating profit | 51.9 MNOK | 38.9 MNOK | 121.4 MNOK |
| Profit before tax | 58.7 MNOK | 45.5 MNOK | 132.7 MNOK |
| Net profit | 41.6 MNOK | 32.0 MNOK | 96.0 MNOK |
| Financial expenses | 2.2 MNOK | 3.9 MNOK | 6.1 MNOK |
| Total assets | 355.4 MNOK | 375.9 MNOK | 443.3 MNOK |
| Current assets | 295.2 MNOK | 320.7 MNOK | 400.6 MNOK |
| Equity | 188.8 MNOK | 207.6 MNOK | 203.0 MNOK |
| Retained earnings | 143.0 MNOK | 161.8 MNOK | 157.2 MNOK |
| Total liabilities | 166.5 MNOK | 168.4 MNOK | 240.4 MNOK |
| Current liabilities | 157.0 MNOK | 158.2 MNOK | 228.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6923352.
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